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Gold Silver and Oil Bounced Back on Thursday –Recap April 5th

April 6, 2012

Gold and silver prices bounced back from one of their worst performing days in over a year and ended yesterday’s trading rising. Major other commodities such as crude oil also rallied and finished the day in the green. On the other hand natural gas prices changed direction and plummeted on Thursday. The Euro slipped again against the U.S. dollar, while many other currencies edged up against the USD.

Here is a summary of the changes in precious metals and energy commodities for April 5th, 2012:

Precious Metals:

Gold price bounced back yesterday by 0.99% to $1,630.1; Silver price also rallied by 2.21% and reached $31.73. During April, gold fell by 2.5% and silver declinedby 2.5%.

The Euro/USD declined yesterday by 0.59% to 1.3065; alternatively, the U.S Dollar depreciated against other exchange rates such as the Aussie dollar.

Oil and Gas:

WTI price also rallied by 1.81% to $103.31 per barrel; Brent oil also increased by 0.56% to $123.14 per barrel;

Following these changes, the difference between Brent and WTI oil prices settled at $19.83/bbl. During the month, WTI edged up by 0.28% and Brent oil slipped by 0.5%.